Ladder Capital Corp (NASDAQ:LADR) is set to post its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Ladder Capital Corp to post earnings of $0.36 per share for the quarter.
Ladder Capital Corp (NASDAQ:LADR) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.11. The business had revenue of $52.10 million for the quarter, compared to the consensus estimate of $76.60 million. Ladder Capital Corp had a net margin of 15.32% and a return on equity of 3.93%. The company’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 EPS. On average, analysts expect Ladder Capital Corp to post $1.45 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.
Ladder Capital Corp (NASDAQ:LADR) opened at 13.41 on Tuesday. The stock has a market capitalization of $1.15 billion and a P/E ratio of 11.72. Ladder Capital Corp has a 12 month low of $12.40 and a 12 month high of $15.53. The firm’s 50-day moving average is $13.67 and its 200-day moving average is $13.80.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a dividend of $0.30 per share. The ex-dividend date was Friday, September 8th. This represents a $1.20 annualized dividend and a dividend yield of 8.95%.
In other news, CEO Brian Harris acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $13.41 per share, for a total transaction of $134,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 544,558 shares of the company’s stock, valued at approximately $7,302,522.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Gi Partners Fund Iii Lp sold 2,000,000 shares of Ladder Capital Corp stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $13.55, for a total value of $27,100,000.00. The disclosure for this sale can be found here.
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Several research firms recently weighed in on LADR. Keefe, Bruyette & Woods restated a “buy” rating and issued a $16.00 price objective on shares of Ladder Capital Corp in a report on Friday, September 22nd. Zacks Investment Research upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub upgraded Ladder Capital Corp from a “sell” rating to a “hold” rating in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $15.75.
Ladder Capital Corp Company Profile
Ladder Capital Corp is a commercial real estate finance company. The Company’s segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).
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